Contents tagged with Naftogaz

The chief executive officer of Ukrainian state energy company Naftogaz, Andriy Kobolyev, stated in his interview with Bloomberg that the Ukrgasdobycha, a subsidiary of Ukraine’s Naftogaz, began extracting shale gas using hydraulic fracturing (fracking) in October 2016.

According to him, the drilling of the first well was performed in cooperation with European partners. Kobolyev didn’t specify the names of these companies or the location where the well will be drilled.

The National Joint Stock Company Naftogaz of Ukraine and its 6 subsidiaries initiated arbitral proceedings against the Russian Federation on October 17th claiming damages caused by the illegal takeover of assets in the Crimea, as reported by the press-service of the company.

Naftogaz initiated the proceedings in accordance with the agreement between the Cabinet of Ministers of Ukraine and the Government of the Russian Federation on the promotion and mutual protection of capital investments, …

CEO of the Ukrainian state energy company Naftogaz, Andriy Kobolyev, stated that the Ukrainian side is ready to buy gas from Russian Gazprom only if it offers a reasonable price.

“Our offer extends to all companies, including Gazprom, only if it is ready to offer a reasonable price and abide by the rules.” Kobolyev’s words were quoted by Naftogaz on the air of the BBC TV program Hard Talk.

According to him, currently Naftogaz is buying fuel from 14 European suppliers.

Yuriy Vitrenko, the Director of Business Development at Naftogaz of Ukraine, reported on Facebook that the company is buying gas from the European Union at a lower price than from Russian gas giant Gazprom.

“Now the price of European gas is already significantly lower than the $185 per thousand cubic meters charged by Gazprom,” he noted.

The press-service of Naftogaz, a national joint-stock company of Ukraine, reported that the contract price announced by Gazprom for Ukraine for the third …

Director for Business Development at the national joint-stock company Naftogaz of Ukraine Yuriy Vitrenko stated that Ukraine has a good chance of obtaining a positive decision for their claim against Gazprom in the Stockholm Arbitration Court.

“In short, we are in the home stretch. Trials will start in the next few months. Our position is very firm, as demonstrated by the fact that, in particular, even Putin had to change his favorite statement about Gazprom: that since 2020 they will not need …

The total amount of the claim between the National Joint-Stock Company, Naftogaz of Ukraine, and the Public Joint Stock Company, Gazprom in the Stockholm Arbitrage Court has exceeded 65 billion dollars, as Naftogaz reports on its Facebook page.

According to the statement, the amount of Naftogaz’s claim on the contracts for the purchase, sale and transit of natural gas amounts to more than 26.6 billion dollars.

The head of Naftogaz, Andriy Kobolyev, has reported on the low volumes of Russian gas transit and explained that this a result of the pressure that Moscow is exerting on Kiev. He said this while on air with Channel 5.

“Transit volumes have continued to decrease and are now at a record low. This is related to the pressure that Russia exerts on Ukraine and Naftogaz. Its goals are to firstly minimize the revenue from this type of business and secondly, I think, it is part of a tactic to promote …

The First Deputy Chairman of the Board of the National Joint-Stock Company, Naftogaz of Ukraine, and the Chairman of the Supervisory Board of the Odessa Port Plant (OPP), Serhiy Pereloma, were arrested and jailed for 60 days by the court of Kiev on charges of theft of government property, the TV channel 112 Ukraine reports.

It is reported that the court set bail at 80 million hryvnia ($3.2 million at current exchange rates). However, after the meeting Pereloma said that he had no such money …

Ukrainian company, Naftogaz, has refused to pay Gazprom for gas delivered to the separatist-controlled territories of Donetsk and Luhansk.

On the 18th of May, Naftogaz reported that the Russian gas company had demanded a payment of $670 million for gas supplied to the so-called Donetsk People's Republic (DPR) and the Luhansk People's Republic (LPR) from February 2015 to April 2016.

The report also stated that Naftogaz had not purchased gas from Gazprom since November 2015. Before that, it had …

The Director of the Business Development at Naftogaz, Yuriy Vitrenko, has said that if the Stockholm Arbitration Court rules against Gazprom, the Russian company would be liable to pay $50 billion in damages to the Ukrainian company. He said this during an interview with Ukrainian Hromadske TV Channel.

“The total claim amount is $50 billion, of which $30 billion is compensation for gas that was not provided by Gazprom, or gas that we overpaid for. The remaining $20 billion is related to …